why ppc is concave to the origin
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The shape of a PPF is commonly drawn as concave to the origin to represent increasing opportunity cost with increased output of a good. Thus, MRT increases in absolute size as one moves from the top left of the PPF to the bottom right of the PPF.
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PPC looks concave to the origin because of increasing marginal rate of
transformation/substitution (or increasing marginal opportunity cost). It means that
more and more units of commodity ‘y’ are to be sacrificed, to get each additional unit of
commodity ‘x’.
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